But, with a sound business idea, you could make much more money than just doing the regular daily grind. Making the call is not easy, but a good place to start is to buckle up and assess your skills, ambitions, competencies, interests, and passions.

1. Online Retail

This one is a great home-based business idea that is attracting an increasing number of entrepreneurial spirits. The field of eCommerce is booming at an unprecedented rate as more and more people embrace online shopping. So, if you have time to hit locale garage sales, thrift shops, and flea markets during the weekend, you can acquire loads of merchandise for a meager price.

Then, you resell it via Amazon, eBay, and other major marketplaces. Of course, to go an extra mile, you could launch your own eCommerce store. If you choose to go down this road, be prepared to commit more time and energy. Also, make sure to do a market research and validate your idea.

2. Virtual assistant

Working as a virtual assistant is an alluring proposition for those who are jacks-of-all-trades, highly-disciplined, and well-organized. In a nutshell, this position requires you to provide various support services from a remote location. The responsibilities encompass everything from writing and simple administrative tasks to managing big social media campaigns.

The good news is that freelancing hubs like Upwork are teeming with virtual assistant gigs. On top of earning decent money, you are able to rub shoulders with reputable and important business people, creating a valuable network. Finally, you can use this side career as a testing ground for your own entrepreneurial plans and visions.

3. Blogging

Today, blogging is much more than a glorified hobby of the idle. It is a viable and lucrative business, provided that you know what you are doing. The first thing to do is to figure out what to blog about. It goes without saying that it must be a niche you know backward and forward.

4. Dog walking

How about something that gets you away from the computer? Do you want to breathe some fresh air and unwind while earning cash? Look no further than dog walking. Many people working busy schedules are looking for individuals willing to take care of and walk their pets.

This is a true blessing for side hustlers that seek to combine pet companionship with walking around. You can become more active and enjoy a variety of health benefits while obtaining a nice source of income. There are various online dog walking communities and services that connect you with clients. Alternatively, if you are looking for something less physically demanding, you can go for pet-sitting gigs.

5. Offer online courses

Last but not least, consider taking advantage of your educational background as well as knowledge, skills, and expertise. Join the ranks of those who trade their time online and enable students across the globe to learn the ropes.

Rest assured that the profit is real: it is possible to earn $90,000 annually from teaching online, but you can work at your own pace and proceed gradually.

Profit and happiness on your side

Side work does not fall magically in your lap. There are some risks involved, but it is up to you to make it happen. Therefore, if you mean business, get out there and muster your enthusiasm, perseverance, and dedication. Find your profitable, niche business idea and test the waters before diving in.

A side hustle could allow you to tap into extra profit and achieve lifestyle flexibility. Once you start generating profit before quitting the day job, you are in a commanding position. From there, you can begin to scale your business idea, discover your strengths as an entrepreneur, and escape the tedious 9-5 loop. The ball is in your court.

You need to systematically test market demand for your idea and if possible validate your customer. This will help determine your idea’s viability, and give you confidence to proceed....

Tycoonstory is the largest Online Network for Entrepreneurs & Startups. Tycoonstory gives the opportunity to share the challenges of being an entrepreneur and offers a regularly updated resource on entrepreneurship. Tycoonstory explores the creative process and issues around how people, companies, and industries are making it happen.